Accounting terms
Money owed by a company to a supplier.
account payable
A loan.
bond
Individuals and companies often promise to keep information they learn secret.
confidentiality
The amount an insurance policyholder receives from the insurance company to reimburse the policyholder for a covered loss.
insurance claim
How a business communicates to large numbers of customers, motivating them to learn more about the business and its offerings.
marketing
Money owed by a customer to a company.
accountable receivable
A company that provides individuals and companies with access to financial markets.
brokerage
Unit price minus cost of goods sold.
contribution margin
The individual or business that purchases an insurance policy for various types of protection
Insurance Policyholder
The money a person borrows to buy real estate.
mortgage
Individuals that make small investments in an enterprise or to support an entrepreneur where they do not expect an immediate or large return on investment.
angel investors
Funds contributed by investors to a business.
Capital(or Equity)
Treating stakeholders as the entrepreneur would hope others would treat him/her.
Fairness
The amount a policyholder (either every quarter or year) pays for an insurance policy.
Insurance Premium
Cash or securities that can be immediately turned into cash, which can then repay any loan amount outstanding.
liquid assets
something of value
Assets
Equipment, inventory or other goods that are pledged to the bank in the case the company can not make a loan payment.
collateral
Understanding how individuals and businesses earn money and what they spend money on.
Financial Literacy
The merchandise that a company sells to customers.
inventory
the amount of money borrowed.
principal
Debt from a bank. Banks require much more information from potential borrowers, and take more time to make a lending decision based on a great deal of analysis.
bank loan
Money earned when something is sold.
commission
An individual’s self-‐commitment to overcome obstacles to achieve long-‐term goals.
grit
An obligation you have to pay someone else money. Also called a debt or a loan.
liability
An investment vehicle. Different types of securities include stocks, bonds and mutual funds.
secuirty